Everyone can rest a little easier in the City of Angels thanks to Hugh Hefner and many other donors who contributed to keep the property that houses the iconic Hollywood sign out of developers' hands.

Hefner donated $900,000 and brought the final tally to $12.5 million, enough to protect the 138 acres of land.

"My childhood dreams and fantasies came from the movies, and the images created in Hollywood had a major influence on my life and Playboy," Hef says. California Governor Arnold Schwarzenegger adds:

"It's a symbol of dreams and opportunity. The Hollywood sign will welcome dreamers, artists and Austrian bodybuilders for generations to come. I did what the Terminator was supposed to do, and that was to jump into action."

As we previously reported, Britney Spears' baby daddy has requested an increase in his $20K a month child support stipend. While it's said that Godney isn't THRILLED at the request, she's letting her poppa negotiate a deal with KFed.

And it appears that negotiations are well under way, though Mr. Spears is NOT impressed with his former son-in-law!